New World Development Co (STU:NWDA) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:NWDA New World Development Co Ltd STU:NWDA
62 GF Score
Price €0.64
GF Value €0.60
! 6 Warning Signs
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What is New World Development Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


New World Development Co  (STU:NWDA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


New World Development Co Cyclically Adjusted PB Ratio Related Terms


New World Development Co Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for New World Development Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New World Development Co Cyclically Adjusted PB Ratio Chart

New World Development Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.29 0.19 0.08 0.06

New World Development Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.08 0.06 0.06 0.07

New World Development Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, New World Development Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


New World Development Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where New World Development Co's Cyclically Adjusted PB Ratio falls into.


STU:NWDA
62GF Score
New World Development Co Ltd STU:NWDA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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New World Development Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

New World Development Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, New World Development Co's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=7.398/119.0546*119.0546
=7.398

Current CPI (Jun25) = 119.0546.

New World Development Co Annual Data

Book Value per Share CPI Adj_Book
201606 9.931 101.686 11.627
201706 9.680 103.664 11.117
201806 10.506 106.193 11.778
201906 11.165 109.601 12.128
202006 10.935 110.590 11.772
202106 10.902 111.360 11.655
202206 11.648 113.448 12.224
202306 10.534 115.647 10.844
202406 8.957 117.296 9.091
202506 7.398 119.055 7.398

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is New World Development Co (STU:NWDA) Overvalued in 2026?

Based on GuruFocus' analysis, New World Development Co stock appears to be overvalued. The current stock price of €0.64 is trading 5.8% above its estimated GF Value™ of €0.60.

Key valuation signals for STU:NWDA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.60 vs. price of €0.64 (5.8% above fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the STU:NWDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New World Development Co Business Description

Other Exchanges NDVLY:USA00017:Hong Kong
Address 16-18 Queen\'s Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
New World Development is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns about a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China, and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.
62GF Score

Get the complete analysis for STU:NWDA

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.64
Price
€0.60
GF Value